Tax cuts will be felt by April 1
Quote:
He (President Obama) said the Treasury Department has begun directing employers to reduce the amount of taxes withheld from people's paychecks in accordance with the new law, and that in six weeks, a typical family will start taking home at least $65 more every month.
Obama says his signature "Making Work Pay" tax break will affect 95 percent of working families.
The $400 credit for individuals is to be doled out through the rest of the year. Couples are slated to get up to $800. Most workers are to see about a $13 per week increase in their take-home pay. In 2010, the credit would be about $7.70 a week, if it is spread over the entire year.
http://www.msnbc.msn.com/id/29314485/
